🔥 Land A High Paying Web3 Job In 90 Days LEARN MORE

Polygon price prediction 2024-2030: Is MATIC going past $10 soon?

Key Takeaways:

  • MATIC price faces bearish pressure around $0.64.
  • Polygon price prediction for 2024 expects the price of MATIC to surge toward $1.03.
  • By 2030, we expect the MATIC price to record a maximum price of $10.51.

Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts eagerly anticipate the future valuation of its native cryptocurrency, MATIC. This raises the question: Can MATIC’s price reach $10? 

This forecast for Polygon’s price examines factors such as ecosystem trends, adoption rates, underlying technology, and technical analysis to project the MATIC price prediction from 2024 to 2030.

Overview

CryptocurrencyPolygon
Ticker SymbolPOL
Rank12
Price$0.62
Price change 24H-0.3%
Market cap$7,240,424,326
Circulating supply9,899,469,069.28 MATIC
Trading volume 24h$210M
All-time high$2.92
All-time low$0.003012

MATIC price prediction: Technical analysis 

MetricValue
Current Price$ 0.613096
Price Prediction $ 0.683824  (15.51%)
Fear & Greed Index 80 (Extreme Greed)
Sentiment Bullish
Volatility 21.75%
Green Days 17/30 (57%)
50-Day SMA $ 0.404057
200-Day SMA $ 0.487578
14-Day RSI 70.31

MATIC price faces bearish pressure around $0.64

  • MATIC price analysis shows a bearish pressure around $0.64.
  • Resistance for MATIC is present at $0.6528.
  • Support for MATIC/USD is present at $0.5686.

The MATIC price analysis for December 3 confirms that MATIC faces bearish pressure around $0.64. Currently, the bears are aiming for a drop below Fib channels.

MATIC price analysis 1-day chart: Polygon aims for immediate decline

MATIC witnessed a bearish rally after bulls failed to push the altcoin above immediate Fib levels. Over the last 24 hours, the price dropped toward $0.62. However, buyers are strongly defending a decline on the price chart. The 24-hour volume surged to $137 million, showing increased interest in trading activity. The price is trading at $0.62, decreasing by over 0.3% in the last 24 hours.

Matic/USD price chart. Image source: TradingView

The RSI-14 trend line has surged from its previous level and currently hovers around 71, showing that bulls are slowly gaining price momentum. The SMA-14 level suggests upward volatility in the next few hours.

MATIC/USD 4-hour price chart: Bulls aim for a hold above EMA trend lines

The 4-hour MATIC price chart suggests MATIC continues to experience bullish activity around EMA lines, creating a positive sentiment on the price chart. As the price continues to face resistance near the immediate Fib level, bears aim to dominate the chart by holding the price below the EMA20 trend line.

Matic/USD price chart. Image source: TradingView

The BoP indicator trades in a negative region at 0.34, hinting that sellers are trying to build pressure near support levels and boost a downward correction.

Additionally, the MACD trend line has formed red candles below the signal line, and the indicator aims for a negative momentum, strengthening selling positions.

MATIC technical indicators: Levels and action

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$ 0.576766BUY
SMA 5$ 0.573612BUY
SMA 10$ 0.539345BUY
SMA 21$ 0.465925BUY
SMA 50$ 0.404057BUY
SMA 100$ 0.403093BUY
SMA 200$ 0.487578BUY

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$ 0.554956BUY
EMA 5$ 0.54316BUY
EMA 10$ 0.510156BUY
EMA 21$ 0.461561BUY
EMA 50$ 0.419527BUY
EMA 100$ 0.426149BUY
EMA 200$ 0.493379BUY

What to expect from MATIC price analysis next?

The hourly price chart confirms bears are making efforts to prevent the MATIC price from an immediate surge. However, if MATIC’s price successfully breaks above $0.6528, it may surge higher and touch the resistance at $0.7007.

See also  Bittensor price prediction 2024–2030: Is TAO a good investment?
POL/USDT Chart

If bulls cannot initiate a surge, MATIC’s price may drop below the immediate support line at $0.5686, resulting in a correction to $0.5068. 

Is MATIC a good investment?

MATIC token can be a good investment option in the long run as the project develops a roadmap for its Polygon 2.0 version. Polygon collaborates with diverse industries to enhance adoption, focusing on NFT solutions and Ethereum scalability. Partnerships include Starbucks for an NFT loyalty program and collaborations with Adidas, Prada, and Disney to develop NFT offerings.

Why is Matic price down today?

Following intense sell off around $0.64, MATIC price failed to maintain its buying demand. This resulted in a break below immediate Fib channels.

Will MATIC price touch $1?

Yes, Matic price might touch the $1 milestone by the end of 2024. However, this depends on the future market sentiment and buying demand. 

Will MATIC Price Reach $10? 

If everything remains good and MATIC gains regulatory recognition, its price might surpass $10 by 2030. 

Is MATIC a good long-term investment? 

As Polygon continues to expand its offerings, it gains a significant position in the altcoin market. Hence, MATIC can be a good long-term investment option. 

Recent news/ Opinions on MATIC

According to Ali Charts, Polygon whales have accumulated more than 59 million POL tokens within the past 48 hours. This significant increase in activity from large holders suggests a growing confidence in the Polygon network.

MATIC price prediction December 2024

Following Donald Trump’s victory in the elections, the crypto market witnessed a robust surge in prices. As a result, the altcoin market skyrocketed and touched a peak in market cap, resulting in a bull run in the Polygon price. 

However, analysts expect a steady surge in crypto market prices following a bearish October. We expect MATIC to record a minimum price of $0.57 and a maximum price of $0.72, with an average of $0.6 in December.

MATIC Price PredictionPotential lowPotential averagePotential high
MATIC Price Prediction December 2024$0.57$0.6$0.72

MATIC price prediction 2024

Based on our thorough technical analysis of MATIC’s historical price data, we anticipate Polygon’s price in 2024’s end to range between a minimum of $0.57 and a maximum of $0.72, with an average trading price around $0.6.

See also  dYdX price prediction 2024 – 2030: Will dYdX hit $10?

MATIC Price PredictionPotential lowPotential averagePotential high
MATIC Price Prediction 2024$0.57$0.6$0.72

MATIC Price Predictions 2025-2030

YearMinimum PriceAverage PriceMaximum Price
2025$1.34$1.39$1.57
2026$2.07$2.12$2.39
2027$3.03$3.11$3.60
2028$4.28$4.43$5.36
2029$6.08$6.26$7.41
2030$8.93$9.18$10.51

Polygon price prediction 2025

Ethereum fees increase dramatically during a bull market, making it too expensive for regular cryptocurrency users. That’s why Polygon became popular during the last bull market. But this time, in 2025, Polygon has tougher competition from Arbitrum, Optimism, and Starknet.

See also  Tron Price Prediction 2024–2030: Will Tron reach $10?

However, Polygon’s Proof of Stake (PoS) chain can handle up to 65,000 transactions per second (TPS) and is cheaper than chains like Arbitrum and Optimism. Hence, increasing adoption might drive up its price in 2025.

In 2025, the price of Polygon is forecasted to reach a minimum level of $1.34. It’s anticipated to achieve a maximum level of $1.57, with an average price of $1.39 throughout the year.

MATIC price forecast for 2026

Polygon has made PolygonzkEVM available to everyone, making it one of the first ZK Rollups to do so. This is a big step forward for Polygon and gives it an advantage.

With its growing use by businesses, innovative technology, and past success, Polygon could reach a new all-time high in 2026.

According to the forecast and technical analysis, Polygon’s price is expected to hit a minimum of $2.07 in 2026. The maximum price projection is $2.39, with an average value of $2.12.

Polygon (MATIC) price prediction 2027

In 2027, one Polygon is anticipated to reach a minimum price of $3.03. The maximum projection for MATIC price is $3.60, with an average price of $3.11 for the year.

Polygon price prediction 2028

For 2028, the price of Polygon is predicted to attain a minimum value of $4.28. The maximum value could soar to $5.36, with an average trading price of $4.43 throughout the year.

Polygon price prediction 2029

In 2029, Polygon’s price is forecasted to bottom out at $6.08. The maximum possible level for MATIC price could hit $7.41, with an average forecast price of $6.26.

Polygon (MATIC) price prediction 2030

Looking ahead to 2030, Polygon’s price is expected to reach a minimum of $8.93. The maximum projection is $10.51, with an average trading price of $9.18.

Polygon (MATIC) price prediction 2030

MATIC price prediction 2024 – 2030

MATIC price prediction by experts

Firm Name20242025
Coincodex$2.24$3.56
Digital Coin Price$1.72$2.84
Changelly$1.38$2.01

Cryptopolitan’s MATIC price prediction

Cryptopolitan is bullish on MATIC’s future market potential. We anticipate Polygon’s price in 2024 to range between a minimum of $0.9012 and a maximum of $1.03, with an average trading price of around $0.9298.

However, its future market sentiment entirely depends on the SEC’s stance, global regulation, and investor interest.

MATIC historic price sentiment

MATIC Price History

MATIC price history

  • MATIC debuted in 2019, initially valued below a cent.
  • Maintained a steady level around $0.02 for the following two years.
  • The transformation of MATIC into Polygon in 2021 led to significant growth.
  • Surged past the $1 mark in May 2021, eventually peaking over $2.
  • Notably, on December 27, 2021, Polygon reached an all-time high of $2.92.
  • However, in 2022, the token struggled, dipping below $1 in May.
  • It experienced several market crashes throughout the year, falling below $0.50 in June.
  • There was a brief resurgence above $1 in August.
  • By the end of 2022, Polygon closed at $0.7585, reflecting a significant 70% decline.
  • The following year, 2023, saw mixed performance for Polygon.
  • It broke the $1 threshold in February but faced setbacks, such as dropping to $0.5593 in June due to Crypto.com news.
  • Nonetheless, it peaked at $0.8775 on July 13.
  • The token then experienced a decline to $0.4946 on September 11.
  • Recovering momentum, it reached $0.9789 on November 14.
  • As of January 16, 2024, Polygon was trading at approximately $0.8514. 
  • However, the price slowly recovered and recorded a high of $1.4 in March. 
  • In the weeks of April and May, MATIC price declined heavily and consolidated below $0.8.  
  • In June and July, the price of MATIC declined heavily as it headed toward $0.4. 
  • In recent weeks of August, the price of Matic has been consolidating between $0.4-$0.6.  
  • By the end of September, the price of Matic attempted to surge above $0.45. 
  • In October, the price surged toward $0.39; however, it failed to hold that momentum.
  • In November, the price of MATIC made remarkable surges. Following Donald Trump’s victory, Matic price surged toward $0.63. 

FAQs

Is it wise to put money into Polygon (MATIC)?

Polygon's value is likely to climb as a result of a lack of supply. Please keep in mind that each investment comes with a degree of risk. Make the most of what you've got before making any decisions and do as much research as you can.

By the year 2032, how much money will be made off of Polygon?

In the year 2031, the price of Polygon is anticipated to reach a maximum price of $34.42. A minimum trading value of $41.73 and an average price of $42.94 is also possible by the end of 2032. By this time, crypto adoptions might bring a new level of awareness and usage to light.

How is Polygon different from other implementations of Plasma?

Polygon's implementation of Plasma is built on state-based sidechains which run on EVM, while the other implementations of Plasma primarily use UTXOs which restricts them to being payment specific. Having state-based sidechains allows Polygon to provide scalability for generic smart contracts as well.

Why is Polygon a "sidechain solution"?

Polygon network is a "sidechain" solution where Ethereum main chain assets, i.e. all dApps / Tokens / Protocols of the main chain can be moved / migrated to Polygon sidechain(s) and when needed, one can withdraw assets back to main chain.

How is Polygon better than other sidechain solutions?

On Polygon, all side transactions are secured by multiple mechanisms on the sidechain as well as main chain. On sidechain, any transactions done by the Block producer layer are verified and checkpointed to the main chain by a highly decentralized checkpointing layer.

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Editor's choice

Loading Editor's Choice articles...
Cryptopolitan
Subscribe to CryptoPolitan